Stephen Conroy (Victoria, Australian Labor Party, Minister for Broadband, Communications and the Digital Economy) Share this | Hansard source

Those opposite describe the global financial crisis as something that happened for six weeks in the Northern Hemisphere and did not have any impact. Do not worry about Europe. Do not worry about the US. Do not worry about China. Do not worry about Japan. All of these international effects have knocked the revenue streams of the Taxation Office seriously. In December, when those statistics were received, the Gillard government was honest and up-front. The Treasurer stood up and explained exactly why. (Time expired)